Lithium DFS specialist appointed
Our European lithium Investment European Metals Holdings (ASX: EMH) just appointed lithium specialist Marc Rowley, who brings extensive experience in delivering Definitive Feasibility Studies (DFS).
This comes as EMH works on putting together a DFS of its own at its Cinovec Lithium Project - Europe’s largest hard rock lithium resource.
EMH is looking to build on its pre-feasibility study (PFS) which showed:
- Net Present Value (NPV) = US$1.9BN
- Internal Rate of Return (IRR) = 36.3%
- Payback period = 2.5 years
- Capex = US$644M
Marc’s CV looks strong having worked on the following:
- Marc delivered a DFS for Leo Lithium (capped at $611M), after which a final investment decision was made, and the project was put into construction.
- Marc also worked for Altura Mining, where he delivered both the PFS and DFS for what is now the Pilgangoora mine (owned by Pilbara Minerals - capped at $16.5BN).
We hope Marc can apply this experience to EMH’s project and help it progress the three key objectives we want to see EMH achieve, per our 2022 EMH Investment Memo.
Click on the image below to read our full Investment Memo, where we detail why we Invested in EMH, what we want to see EMH achieve and the key risks to our Investment Thesis.
